Bill > HB0185

This bill establishes a new framework for regulating carbon credit transactions in Utah, creating a "Carbon Credit Investment Fund" that will receive revenue from a new carbon credit assessment, interest, dividends, and legislative appropriations, with a portion of these funds to be distributed to degree-granting institutions in rural counties and to rural counties themselves, while also creating a "Carbon Credit Litigation Fund" to be managed by the Attorney General for investigating violations, preventing federal mandates related to carbon emissions, and recovering funds from fraudulent sales. The bill also requires individuals or entities selling "in-state carbon credits" (defined as those originating from within Utah or receiving state funds) to obtain a license from the state, report specific details about the credit and its sale, and adhere to a waiting period before completing the transaction, during which the state has a right of first refusal to purchase the credit under certain conditions. Furthermore, it mandates that the State Tax Commission (the "tax commission") administer and collect a new carbon credit assessment, with the collected revenue deposited into the Carbon Credit Investment Fund, and it amends existing laws to include these new carbon credit-related funds and assessments within various state financial and tax regulations.

Budget and Finance

https://le.utah.gov/~2026/bills/static/HB0185.html